Real estate blog entries tagged with coborrower by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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coborrower: Can I Get a Cosigner for a Jumbo Mortgage? - 09/12/18 07:35 AM

Can I Get a Cosigner for a Jumbo Mortgage?

Parents have been helping their kids buy homes since, I'd guess, kids have been buying homes, but in today's lending environment, it's important that both borrowers and real estate professionals avail themselves of the most current options, advantages and guidelines. After all, knowledge is power and there are really only two main approaches, gift funds and co-signing, that come into widespread use when we talk about introducing family help into the mortgage approval process.

Gift Funds
Borrowers of all stripes use gift funds and do so far more often than the general public would estimate. But on … (12 comments)

coborrower: Should I Pray or Should I "Co"? - 09/04/14 12:10 AM

Should I Pray or Should I "Co"?

I tend to see a fair amount of high loan-to-value mortgage scenarios, mostly because real estate values here in Marin County, the San Francisco Bay Area and coastal California, in general, tend to be high. And I think it also has a lot to do with the formidable task of saving the funds necessary to purchase some homes, which we know can take a prohibitively long time. So 10% down payments, or even less, are not at all uncommon, and I’ll see these across the borrowing spectrum, from loan amounts in the conforming range (below … (2 comments)

coborrower: Weekend Availability + Can a Buyer Use a Cosigner? - 11/18/11 06:14 AM

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